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Parc 410

Class: B
Property Details: 1980 | Garden-Style | 344 Units
Locations: San Antonio, TX
Acquired Date: March 2017 
Sold Date: 2021 

Initial Loan: $16,482,000
Rehab Budget: $625,000
Initial Investor Equity: $6,458,000
Investment Period: 5 Years

Investment Summary

Parc 410, a charming Class B, garden-style property built in 1983 and boasting 273 units, is ideally situated with easy access to major highways like 151, 90, and 410. Acquired in March 2017, the property offers a mix of 176 one-bedroom and 80 two-bedroom units, along with unique amenities. Our strategy for Parc 410 involved enhancing the property to boost cash flow and profitability. This included elevating rents to align with the market average, identifying additional income streams, diminishing controllable expenses, and repositioning the property to attract higher-quality tenants, thereby reducing turnover. The property underwent a comprehensive renovation involving interior unit refurbishments and upgrades such as new exterior screens and water conservation features, all managed by our seasoned in-house property management team.

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Additional Sold Properties in San Antonio

The Archer at Willowbrook

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Class B+ | 1986
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Candleridge Park

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Ridge at Southcross

Ridge at Southcross

274% Investment Return 
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